Some common kinds of credit card fraud acts include stolen credit cards, obtaining access to credit card information and identity theft. Usually in such a case, contacting credit card providers promptly to secure the credit card account and avoid further thievery can solve the problem. Government regulations eradicate or decrease a credit card fraud victim from monetary accountability for illicit charges or purchases. Consumers can help locate credit card fraud by closely examining their credit report frequently and probing credit card account receipts for factual errors.
Archive for the ‘ Bankruptcy Laws ’ Category
What do you spend on eating out every month? Is it an embarrassing amount?
We were shocked a few years ago when we added up 3 months of eating out: $745 in March, $925 in April, and $865 in May. No fancy dinners, no steakhouses, just lunches, mid-level restaurants, and fast food.
There has definitely been a shift going on in this country over the past 10-20 years about how we view eating out. What was once a special treat a few times a week has turned into an almost everyday occurrence.
Today, its normal to eat out for lunch 4-5 times a week. Its normal to take the family out for dinner on Monday, Wednesday, Thursday, and Friday.
All 12 months of a fresh new year means 12 opportunities to get your credit shaped up and your budgeting under control. Here, experts offer one seasonally relevant idea for each month of 2012 to do exactly that.
Late fees on credit card bills are insidious for a couple of reasons: first, they add to the total amount you have to fork over to the credit card company, which means you get to keep less of the money you earn. And second, late payments look bad on a credit report and can sap your credit score.
When you apply for new lines of credit (including a home mortgage or a car loan), a weaker credit score will translate to higher interest rates, meaning that the cost of borrowing money will be higher.
So what can you do to make sure you don’t have to deal with the negative effects that late fees have on your finances in the present and the future? F
In these tough economic times many Americans are not only late on their mortgage payments, but are also neglecting their monthly payment all together just to make ends meet.
According to a recent study, in some areas of the United States more than 9% of credit card users decided that it was best to pay their credit card bills instead of paying their huge mortgage payment. Some homeowners are having a difficult time meeting their mortgage obligation and are using that money instead to meet their day-to-day expenses like groceries and so on.
Today a lot of homeowners continue to find it difficult, if not impossible, to keep up with their monthly mortgage payment.
I know what you’re thinking . . . “An IRA? Isn’t that some sort of investment? I thought this was a debt-reduction blog.”
Well, you’re right on both fronts. Spending wisely and preparing for your financial future have a huge roll in the Deliver Away Debt universe.
Starting an IRA now can mean mucho dinero when you’re older.
Think of it like this, saving and investing for your retirement can help you achieve your financial goals and help you avoid future debt (like living off credit cards when you’re 75).
IRA stands for Individual Retirement Account. Unlike a 401k, your employer won’t match funds deposited into your IRA. It’s all on you
,
About two years ago, I filed for bankruptcy. Is it possible for me to obtain a personal loan? I don’t have money for the holidays and don’t know what I’ll do if I don’t get my hands on some cash. Do you know of any place that would loan money to me? —
Being broke around the holidays can be difficult. It seems as if there’s always something that requires a few bucks.
My guess is that you’re not the only family that will struggle with the holidays. There were 1.55 million bankruptcies in 2010, so you’re not alone.
As you already know, a bankruptcy hurts your credit score, making it more difficult to get credit cards or borrow money. Chances are that your credit score may have fallen by 200 points.
So what’s an aspiring Santa to do?
There have been two good-news stories this week for those with consumer debt. First, a debt collection firm in California has been sued for scamming consumers out of $9.4 million while violating the Fair Debt Collection Practices Act (FDCPA). And a new survey shows that the Credit CARD Act has left consumers happier with their credit cards.
The Federal Trade Commission (FTC) has announced that the scam, which began in 2009, involved the debt collectors lying to consumers about the status of their debts, which is explicitly prohibited by the FDCPA. Apparently, the debt collection agency:
- Lied to consumers about lawsuits. Even though consumers were not facing legal charges regarding their debts, debt collectors apparently reported that they were.
- Contacted outside parties. The collectors phoned friends, employers, or family members of debtors before contacting the debtors, in order to create a “sense of urgency” about the debts. Suc
If you need a vehicle but just don’t have the cash to pay for one right away, financing a new car is always an option.
With the right credit score and the right vehicle you can work out a deal with a car dealership or a bank to borrow cash to pay for the vehicle.
From there, you’ll make monthly payments until the car loans are paid off.
Keep an eye out for the following pitfalls as you consider financing a vehicle.
Getting too much car is one of the most common mistakes you can make. Once you take a look at everything available, your mind begins to wander.
You think about how great it would be to have one of these grand cars parked in your garage. Why